US-based RealT, which is a fractional proprietorship real estate platform, announced its strategic collaboration with cryptocurrency exchange Uniswap. This news marks the growth of blockchain technology in the real estate field, which will ensure a high level of liquidity in a sector that is known for being illiquid.
RealT is an online platform that offers global investors the opportunity to possess fractional ownership of properties in Detroit, Michigan; The company is planning to expand its business to other parts of the US in the coming weeks. Token owners receive interests on their property ownership as RealTokens.
RealT publicized its official exchange pair on Uniswap; this means that now RealTokens are open for trading on Uniswap exchange. This popular exchange ensures seamless trading of all virtual assets present on the Ethereum blockchain. In fact, Uniswap holds the compliance protocol of all of the tokens during the complete life cycle of the asset, ensuring that SEC guidelines are followed by each RealToken.
As per company documents, RealT and Uniswap are the first companies to offer virtual assets that are equivalent to traditional securities and can be freely traded on an open finance exchange. The first such trading was launched on Monday, November 4, 2019, when RealT formally went live on the Uniswap exchange with its prized property, 9943 Marlowe Street, in Detroit, Michigan. Investors can now straightaway trade Marlowe RealTokens using Ethereum.